USOIL 2618 TRADE Short at 41.47 It's a simple set up
Order cancelled
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GAP DOWN TOO MUCH.
Comments
tbuckle
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what would be the current contract equivalent to 41.47 shorting area?
gcplau
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Dear Jack, #1even from chart point of view we should short, but since there are important oil meeting on Sunday... is it okay to keep the position open? that means we are sitting on a trade that could be ±10% subject to meeting result.... that means you also have a fundamental view that (since Iran refuse to agree on it) meeting agreement is quite likely can't be reached? Simply, my point is that, assuming there's an important economic data coming.... should we leave our position open? #2 there is a "Order cancelled. GAP DOWN TOO MUCH"... does that mean the GAP is too much representing market response is a bit over, and you see price will bounce up from there? THANKS FOR YOUR REPLY.... it's so good that you're in the Asia time zone...
tntsunrise
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the gap is so big, this 2618 entry will not be valid any more.
BalakrishnanMuthusamyGounder
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whats the status of present level and also about gold
BalakrishnanMuthusamyGounder
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hi jack ,whats crude level
gcplau
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Thanks Jack...
Ahmed_bunah2
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Thanks Jack for your update.
chft_500
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is the trade and setup still valid if the price made a gap down this morning? thank you.
Trendhopper
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I agree oil will fall back to 38 then bounce unto 42 again then bounce down to 40 and up to 42 again, ascending triangles coming on this one
lfishie
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no deal! Jack's setup will reach target 2! thank you jack!